ToughBuilt Industries, Inc. (NASDAQ:TBLT) Q2 2023 Earnings Call Transcript

Kevin Dede: Last question for me, Michael. I’m curious to understand the supply logistics chain and how you’ve managed that especially since the end of the pandemic. Are you still manufacturing predominantly in China? Or have you chase down maybe other sources that may be more economical?

Michael Panosian: Thank you, Kevin. That’s a good question. Well, of course, everyone knows during the pandemic and just before that, we got all the tariffs. So, we’ve been forging ahead and trying to get to other countries. Some of the countries are not ready like China was. But right now, we are in Vietnam, Cambodia, India. Some parts are — some products are developed in China. We are also in Taiwan, Thailand, Philippines, Bangladesh and other places as the need comes. So, we source per line and who can give us the best possible deal, then we go to that country if the capabilities are there.

Kevin Dede: Okay. Thanks for taking all my questions, Mike. I really appreciate it.

Michael Panosian: Thank you, Kevin.

Operator: Thank you. There are no further questions at this time. I would like to hand the floor back over to Michael Panosian for any closing comments.

Michael Panosian: Thank you, everyone, for being a supporter of ToughBuilt. We are truly excited about the future, and I look forward to a lot of good news for us this coming few months for the year and especially in 2024. Be well.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.